J.C. Penney shares jump on holiday outlook, surprise sales rise

(Reuters) - J.C. Penney Co Inc shares surged more than 19 percent on Friday after the retailer reported much better-than-expected same-store sales and said it will compete fiercely on price while keeping inventory lean during the crucial holiday quart...

(Reuters) - J.C. Penney Co Inc shares surged more than 19 percent on Friday after the retailer reported much better-than-expected same-store sales and said it will compete fiercely on price while keeping inventory lean during the crucial holiday quarter.